PRODUCER AGREEMENT
Exhibit 10.5
This agreement made and entered into as of the 28th day of June, 2005.
BETWEEN:
FITMEDIA INC., a company duly
incorporated under the laws of the state of Delaware, and extra-provincially
registered in British Columbia.
(“Fitmedia”).
OF THE FIRST PART
AND:
XXXXXXX X. XXXXXXX, a director
and President of the Company and a person residing in Vancouver, British Columbia.
(“Producer”).
OF THE SECOND PART
WHEREAS:
A. | Fitmedia intends to engage the services if the Producer
to produce and direct the DVD tentatively entitled “Fitmedia’s
Pre-Natal Yoga” (the “Video”). |
B. | Fitmedia wishes to obtain the exclusive rights in
and to Producer’s services in the Video upon the terms and conditions
herein contained. |
ACCORDINGLY, IT IS AGREED AS FOLLOWS: |
1. | ENGAGEMENT |
||
1.1 | Fitmedia engages Producer to provide services
as a Producer of the Video as specified below. |
||
1.2 | Producer’s services shall include:
|
||
a. |
All services as producer and director of
the Video to carry out the duties and functions of a producer and director
as required to complete the Video, including the following: |
||
a. |
Hiring all persons who will contribute to the Video;
and |
||
b. |
Overseeing development, production and post-production
of the Video. |
||
2. | DELIVERY |
||
2.1 | Producer agrees to oversee the development
and completion of the Video in accordance with a time schedule that meets
the approval of Fitmedia. |
||
3. | COMPENSATION |
||
3.1 AS
complete and final compensation for all your personal services rendered
hereunder, and for all rights and licenses granted to Company by you herein,
Company shall pay, or cause to be paid, to you the total sum of $400 US
Dollars to be paid upon completion of post production of the Video. |
|||
3.2 | Payment to Producer shall be deemed to
be equitable and inclusive remuneration, including all sales and goods
and services tax, for all services rendered by Producer in connection
with the Video and have been paid by way of a complete buy-out of all
proceeds of Producer’s services hereunder in any and all media throughout
the universe pursuant to any collective bargaining agreement, if any,
other wise, by way of residuals, repeat fees, pension contributions, or
any other monies whatsoever. |
1
4. | CREDIT |
4.1 | Provided that Producer is not in breach if any provision
of this Agreement, Fitmedia shall accord Producer a credit in a single
card clear view as “Produced and Directed by Xxxxxxx Xxxxxxx”.
The credit shall be a single screen front credit which shall be no less
in size than any other credit appearing in the Video. |
4.2 | There shall no obligation to accord Producer credit
in paid advertising or publicity, although Fitmedia may from time to time
elect, in its sole discretion, to accord Producer such credit. |
Fitmedia shall exert its reasonable and best efforts
to require any distributor of the Picture to comply with the foregoing
credit obligations. Any casual or inadvertent failure of the Fitmedia
or its assignees or licensees to comply with the foregoing credit provisions
shall not constitute a material breach of this Agreement and Fitmedia
shall exert its reasonable best efforts to cure any such failure upon
receipt of written notice from Performer. |
|
5. | GRANT OF RIGHTS |
5.1 | You acknowledge and agree that the Video is the sole
and exclusive property of Company and/or its assignees and licensees in
perpetuity and that all results and proceeds of your services rendered
hereunder including, without limitation, all contributions by you the
Video, such as ideas, concepts, themes, plots, characters, copyrights,
trade marks, all worldwide rights therein and all extensions, renewals
and reversions thereof shall be owned outright and exclusively by the
Company and/or its assignees and licensees in perpetuity and without reservation,
free of all claims by you. |
5.2 | If and to the extend that the Producer may now or
in the future be entitled to any so-called moral, authors’ or similar
rights in the Video pursuant to the Copyright Act or otherwise, the Producer
hereby irrevocably waives and relinquishes all such rights in favour of
the Fitmedia and its assignees and licensees to the fullest extent permitted
by law. |
5.3 | The Producer covenants and agrees that all rights,
licenses, interests and Video granted it the Fitmedia herein shall be
irrevocable vested in the Fitmedia in perpetuity and shall not be subjected
to revocation or rescission by the Producer, or any party claiming through
or instead of the Producer, for any reason whatsoever. If any time the
Fitmedia or its assignees or licensees are alleged to be in breach or
default of any provision of this agreement, the rights of the Producer
with respect to such alleged or default of any provision of this agreement,
the rights of the Producer with respect to such alleged breaches or default
shall be limited to a claim for damages in an action at law and the Producer
specifically covenants and agrees that he will not be entitled to seek,
obtain or enforce an injunctive or other equitable relief which would
in any way interfere with, prevent, delay or impede the complete unfettered
exercise by the Fitmedia of all rights, interests, licenses and Video
granted herein. |
5.4 | You represent and warrant that all ideas and materials
which you contribute to the making of the Video shall be your original
creation and property and shall not infringe upon or violate any right
or property of any other party and you hereby covenant and agree to indemnify
and save Company and its officers, directors, employees, agents, contractors,
assignees and licensees harmless from all claims, liabilities, causes
of action, damages and expenses which may be brought against or incurred
by any of them as a result of any breach or misrepresentation of the foregoing.
|
5.5 | You acknowledge and agree that you will provide to
the Company a final cut of the Video created under your supervision (the
“Producer’s Final Cut”). Notwithstanding the foregoing,
|
2
you acknowledge and agree that Company
has the right to re-edit, re-shoot, add to, delete from, re-arrange and
re-combine the Producer’s Final Cut pf the Video as it may elect
or as may be necessary to comply with the requirements of any distributor,
retailer or broadcaster or any law, regulation or censorship requirement.
|
||
6. | NO INJUNCTION |
|
Producer acknowledges and agrees that if
at any time Fitmedia or its assignees or licensees are alleged to be in
breach of default of any provision of this Agreement, the sole remedy
of Producer with respect to such a breach or default shall be limited
to a claim for money damages in an action at law and neither Producer
nor any party claiming in the place of or through Producer shall be entitled
to rescind or terminate this Agreement or to apply for, obtain or enforce
any injunctive, equitable or other relief of any nature whatsoever which
would in any manner prohibit, prevent, restrict, impede, delay, or otherwise
interfere with the complete and unfettered exercise by Fitmedia and its
assignees and licensees of all rights and licenses granted herein including
the Production, distribution, advertising, and general exploitation of
the Picture and all elements and rights therein. |
||
7. | ASSIGNMENT |
|
Fitmedia shall have the right to assign
this agreement and any of the rights granted herein, in whole or in part,
to any person, form, corporation or entity, and nothing contained therein
shall imply anything to the contrary. Upon the assign’s assumption
of the obligations of Fitmedia with respect to the rights so assigned,
Fitmedia shall be relieved of all such obligations. Fitmedia shall also
have the rights to lend the services of the Producer to any person, firm
or corporation which is a subsidiary, parent or affiliate of Fitmedia
or the successor to Fitmedia by a merger or by a transfer of substantially
all of Fitmedia’s assets. |
||
8. | FURTHER DOCUMENTS |
|
8.1 | On delivery of the First Draft and the
Revised Draft, Producer agrees to execute and sign and have witnessed
and notarized by a Notary Public, and to provide to Fitmedia three originals
of a Producer’s Certificate, and a Transfer of Rights document. |
|
8.2 | Producer undertakes and agrees to execute,
deliver and acknowledge such further documents, instruments and assurances
as may be reasonably required in order to carry out and implement fully
the terms of this Agreement. |
|
9. | NO OBLIGATION |
|
Producer agrees that Fitmedia shall have
no obligation to make, produce, or otherwise exploit or make use of any
of the rights granted to Fitmedia, and hereby releases and holds Fitmedia
free and harmless from any liability and loss or damage that Producer
may suffer by reason or Fitmedia’s failure to make, produce, or otherwise
exploit any motion picture based on Video in whole or in part. |
||
10. | NO WAIVER |
|
A waiver by Fitmedia of any breach or default
hereunder by Producer shall not be deemed to constitute a waiver of any
preceding or subsequent breach or default, whether or not of the same
or similar nature. |
||
11. | BINDING ON ESTATE |
|
This Agreement shall enure to the befit
of and be binding upon the parties hereto and their respective heirs,
executors, successors, administrators and permitted assigns. |
||
12. | NO LIMIT ON RIGHTS |
3
Termination of this Agreement or of Producer’s
services rendered, for any reason whatsoever, shall not extinguish or
limit any of Fitmedia’s rights, interests or Video in, or title to,
the results and proceeds of Producer’s services. |
|
13. | WITHHOLDING TAX |
Fitmedia may deduct and withhold from any monies
otherwise payable under this Agreement such amounts as Fitmedia may reasonably
believe it is legally required to deduct and withhold. |
|
14. | ENTIRE AGREEMENT |
This Agreement constitutes the entire understanding
and agreement of Producer and Fitmedia regarding Producer’s services
to be rendered in connection with the Picture, and supersedes and replaces
all previous written and verbal communications, representations, negotiations,
expectations and understandings. |
AGREED TO AND ACCEPTED: | ||
/s/ Xxxxxxx Xxxxxxx | (signature) | |
Xxxxxxx Xxxxxxx | ||
AGREED TO AND ACCEPTED: | ||
Fitmedia Inc. | ||
By: | /s/ Xxxxxxx Xxxxxxx | (signature) |
Per: | Authorized Signatory: Xxxxxxx Xxxxxxx, President |
4